Terms and Conditions Applicable to Fiduciary Accounts a. Accounts may be opened by a person acting in a fiduciary capacity. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement or as an executor, administrator, conservator, or guardian under court orders. By the authority vested in you as a fiduciary, you, acting individually or jointly, are authorized and empowered to transact business of any character in connection with this account. Your authority will continue in force until written notice to the contrary is received by us.
b. If the account is opened as a court-ordered blocked account, you understand and agree that you will file with the court appropriate documentation confirming an agreement with us that the funds in the account, including any dividends, may not be withdrawn or pledged except upon court order.
c. Funds in a fiduciary account may not be pledged as security for any loan(s).
Terms and Conditions Applicable to Fiduciary Accounts. Accounts may be opened by a person acting in a fiduciary capacity. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement or as executors, administrators, conservators, or guardians under court orders. By the authority vested in you as a fiduciary, you, acting individually or jointly, are authorized and empowered to transact business of any character in connection with this account. Your authority will continue in force until written notice to the contrary is received by us.
Terms and Conditions Applicable to Fiduciary Accounts. I am duly appointed and acting in the capacity of Executor/ Executrix, Administrator/ Administratrix, Guardian, or Conservator. By the authority vested in me, I, acting individually or jointly, am authorized and empowered to transact business of any character in connection with this account. My authority shall continue in force until written notice to the contrary is received by you.
Terms and Conditions Applicable to Fiduciary Accounts a. Accounts may be opened by a person acting in a fiduciary capacity. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. This account may be opened and maintained by a person or persons named as a trustee/successor trustee under a written trust agreement or as an executor, administrator, conservator, or guardian under court orders. By the authority vested in you as a fiduciary, you, acting individually or jointly, are authorized and empowered to transact business of any character in connection with this account. Your authority will continue in force until written notice to the contrary is received by us.
b. If the account is opened as a court-ordered blocked account, you understand and agree that you will file with the court appropriate documentation confirming an agreement with us that the funds in the account, including any dividends, may not be withdrawn or pledged except upon court order.
c. Funds in a fiduciary account may not be pledged as security for any loan(s).
a. You affirm that you are the sole proprietor of the sole proprietorship named on the Account Membership Application. We may pay out funds with your signature, or the signature of any other signers designated by you. We may accept and/or endorse checks made payable to you or to the sole proprietorship named on the Signature Card that we receive for deposit.
b. You may pledge any or all of the funds on deposit in the account as collateral security to any loan(s) subject to then current loan policies.
c. Sole proprietorship accounts are not subject to the Multiple Party Accounts Law.
Terms and Conditions Applicable to Fiduciary Accounts. Accounts may be opened by a person acting in a fduciary capacity. A fduciary is someone who is appointed to act on behalf of and for the beneft of another. This account may be opened and maintained by a person or persons named as a trustee under a written trust agreement or as executors, administrators, conservators, or guardians under court orders. By the authority vested in you as a fduciary, you, acting individually or jointly, are authorized and empowered to transact business of any character in connection with this account. Your authority will continue in force until written notice to the contrary is received by us.
Terms and Conditions Applicable to Fiduciary Accounts a. At our option, accounts may be opened by a person acting in a fiduciary capacity. A fiduciary is someone who is appointed to act on behalf of and for the benefit of another. This account may be opened and maintained by a person or persons named as an executor, administrator, conservator, or guardian under court orders. By the authority vested in you as a fiduciary, you, acting individually or jointly, are authorized and empowered to transact business in connection with this account to the extent of your authority. We reserve the right to request any documents we deem necessary to satisfy us that you are authorized to open and use the account, including withdrawing the funds. We do not have to permit any withdrawal from the account until we receive all requested documents.
b. Under no circumstance will the Credit Union be liable for the actions of you or obligated to ensure that your actions are in accordance with any instructions, guidance or directives provided to the Credit Union. Your authority will continue in force until written notice to the contrary is received by us.
c. If the account is opened as a court-ordered blocked account, you understand and agree that you will file with the court appropriate documentation confirming an agreement with us that the funds in the account, including any dividends, may not be withdrawn or pledged except upon court order.
d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Membership Agreement and by the terms and conditions set forth in the application for services that you will be asked to sign when the account is opened.
e. Funds in a fiduciary account may not be pledged as security for any loan(s).
f. Fiduciary accounts are not subject to the Multiple Party Accounts law.
g. Only the fiduciary may be named on the account. No joint owners or beneficiaries are permitted to be added to a fiduciary account.
h. The Credit Union reserves the right to limit the number of fiduciaries per account number and the number of accounts on which an individual may be designated as a fiduciary. The Credit Union will not allow a fiduciary to open or be added to an account if they have caused the Credit Union a loss.
i. A representative of an Estate Account (“Estate Representative”) may be removed from the account one time without incurring a fee. After the first request, a Remove Joint Fee as set forth in the Fee Schedule may be charged each time the same Estate Representativ...
